Monroe Capital announced the closing of Monroe Capital PCL CLO 1, LTD, a $730.7 million term debt securitization. This marks Monroe’s third CLO transaction in 2025 and is secured by a portfolio of lower and traditional middle market senior secured loans.

The issued debt tranches were rated from AA through BBB-, with Monroe and its affiliates retaining a majority of the subordinated notes. BNP Paribas acted as the Initial Purchaser and Placement Agent. The transaction was structured in accordance with risk retention guidelines across the United States, the United Kingdom, and Europe.

“This transaction underscores the evolution of Monroe’s private credit platform with its first private credit CLO and our continued leadership in delivering creative capital solutions across the lower and middle markets,” said Zia Uddin, President of Monroe Capital. “We are grateful to BNP for their partnership and execution on a complex transaction, and to our investors for their continued trust and support as we expand Monroe’s presence in the private credit space.”